National Bank Financial Increases Endeavour Mining (TSE:EDV) Price Target to C$116.00

Key Points

• National Bank Financial raised its price target on Endeavour Mining from C$115 to C$116 and maintained an outperform rating, implying roughly a 45.6% upside from the current share price.
• Other brokerages have also increased targets (TD to C$105, Jefferies to C$92), leaving Endeavour with an average Buy consensus and a consensus target of C$99.50.
• Shares recently traded at C$79.65 (up 1.8%) with a market cap of C$19.24B; the company reported quarterly EPS of C$2.13 on C$1.88B revenue and posted strong profitability (ROE ~27.8%, net margin ~18.9%).

Endeavour Mining (TSE:EDV - Get Free Report) had its price target increased by stock analysts at National Bank Financial from C$115.00 to C$116.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 45.64% from the company's current price.

A number of other research analysts have also recently commented on EDV. TD lifted their target price on Endeavour Mining from C$94.00 to C$105.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Jefferies Financial Group lifted their target price on Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Endeavour Mining has an average rating of "Buy" and a consensus target price of C$99.50.

Endeavour Mining Stock Up 1.8%

Shares of TSE EDV traded up C$1.43 during trading hours on Friday, hitting C$79.65. The company had a trading volume of 471,717 shares, compared to its average volume of 705,144. The firm's 50 day moving average is C$84.55 and its 200-day moving average is C$74.34. Endeavour Mining has a 1-year low of C$37.61 and a 1-year high of C$98.71. The stock has a market capitalization of C$19.24 billion, a P/E ratio of 29.07 and a beta of 1.54.

Endeavour Mining (TSE:EDV - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$2.13 earnings per share (EPS) for the quarter. Endeavour Mining had a return on equity of 27.75% and a net margin of 18.88%.The business had revenue of C$1.88 billion during the quarter. On average, sell-side analysts predict that Endeavour Mining will post 4.4476987 earnings per share for the current year.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.